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Business
EBA seen as key counterweight to new ECB role
yesterday
Brussels/London: The role of the European Banking Authority must be beefed up beyond current plans to ensure that regulation of Europe’s banks does not fragment into two competing systems, one of the architects of the reforms told a public hearing on Friday. Jacques de Larosiere,... Full story
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Business
US durable goods orders post 3.3% increase
yesterday
Washington: Orders for long-lasting US manufactured goods rose more than expected in April, a hopeful sign that a contraction in factory output could soon run its course. New orders for durable goods, which range from toasters to aircraft, increased 3.3 per cent last month, the Commerce... Full story
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Business
Mashreq believes Smart Phones need Smart Banking with the launch of Snapp Mobile Banking
last Thursday
bai – UAE, May 23rd, 2013: Mashreq plans to tap the rising demand for banking services by mobile phone users with the launch of an enhanced version of its Mobile Banking Service called ‘Snapp’. The current version of the app is available on Apple and Android phones. A... Full story
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Business
Sheikh Mohammed Bin Abdulla Al Thani Raises the UAE Flag on Top Of Mount Everest The Highest Mountain in the World
last Thursday
[Sharjah, UAE, 23 May 2013] UAE based, Sheikh Mohammed Bin Abdulla Al Thani, Reach Out To Asia’s (ROTA) brand ambassador, returns victorious after becoming the first Qatari to summit the world’s highest mountain-Mount Everest at an altitude of 8,848 m, and raising the UAE Flag ... Full story
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Business
Ford to shut Australian production
last Thursday
Car manufacturer Ford announced on Thursday it will cease making vehicles in Australia in 2016 and axe 1,200 jobs, having produced its first car in the country in 1925. Ford Australia chief executive Bob Graziano made the announcement as he revealed a loss of Aus$141 million (US$136 million)... Full story
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Business
Nissan sees 11% sales growth in ’13
last Thursday
23 May 2013 Nissan Middle East expects more than 11 per cent growth in sales for 2013 and said new models will help increase its market share and volume, according to managing director Samir Cherfan. The Japanese car manufacturer achieved 26.2 per cent increase in sales in 2012 in the Middle... Full story
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Business
Iraq aims to boost oil output
last Thursday
23 May 2013Iraq is planning to increase its oil production capacity to 10 million barrel per day in 2017 up against three million barrel per day as of today, officials say. Iraq, which has the fifth largest proven crude oil reserves in the world, is the second largest... Full story
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Business
Design experts discuss new trends at Index seminars
last Thursday
23 May 2013 The Index International Design Exhibition and The Office Exhibition, which close today, have provided the regional interior design and architecture community with an inspiring professional experience, organisers said. The latest editions of the region’s leading... Full story
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Business
UAE adds power to mobile broadband
last Thursday
23 May 2013 The UAE on Wednesday took a critical initiative to stay ahead in broadband connectivity race by unveiling its band plan for 700MHz and the launch of spectrum in the 800MHz band for mobile broadband services. The move by the UAE is quite decisive as the mobile broadband market in... Full story
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Business
BROTHER INTERNATIONAL (GULF) FZE sponsors Craft Land’s ‘Quilt and Stitch Art 2013’ competition
last Thursday
May 23, 2013 BROTHER INTERNATIONAL (GULF) FZE, the leading global manufacturer of home sewing machines, is supporting the local arts and crafts scene with its sponsorship of ‘Quilt and Stitch Art 2013’, an annual competition hosted by Craft Land, a needle and fibre crafting ... Full story
Sunday May 26, 2013
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